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Technology Stocks : NEXTEL
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To: Kevin F. Spalding who wrote (5479)4/1/1998 12:09:00 PM
From: Bubba  Read Replies (2) of 10227
 
My angle on Lehman report -

This analyst has been low on the totem pole for a while. He is slavishly following his Excel spreadsheet with dubious asssumptions and a high discount rate. Like most analysts, he has a chronic case of Cranial Rectal Inversion,(why do you think they're called anal-ysts?)

He is not thinking, "Gee, I wonder why a $10.0 billion company is trading $25% above my target? I guess I might be wrong and Merrill, Morgan, PW, et al might be right?" NAH!

Cynical Bubba, tired of listening to idiots.
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